“We have extensive experience developing and manufacturing highly
efficient electric propulsion systems and related products for vehicle
electrification. We are poised for growth fueled by the emergence and
expansion of the electric-vehicle market and the accelerating demand for
electric-assist powertrains,” said Donald A. French, Chief Financial
Officer of UQM Technologies. “I look forward to sharing the latest
updates on our business strategy and how we have streamlined our
organization to focus on future growth and performance.”

Mr. French will present at the conference on Tuesday, May 10, 2011, at
3:30 p.m. PDT. The Tenth Annual JMP Securities Research Conference will
feature presentations from more than 250 companies over three days. The
conference represents a valuable opportunity for top small-cap and
mid-cap senior executives to meet and share perspectives with securities
professionals and institutional investors.

UQM has 40,000 units of annual production capacity for its PowerPhase
electric propulsion systems to support the commercial launch of CODA
Automotive and other customer vehicles. In the larger vehicle market,
UQM is powering Proterra’s electric and hybrid electric composite
transit buses, and Electric Vehicles International’s all-electric
medium-duty truck and walk-in van.

UQM Technologies is a developer and manufacturer of power-dense,
high-efficiency electric motors, generators and power electronic
controllers for the automotive, aerospace, military and industrial
markets. A major emphasis for UQM is developing products for the
alternative-energy technologies sector, including propulsion systems for
electric, hybrid electric, plug-in hybrid electric and fuel cell
electric vehicles, under-the-hood power accessories and other vehicle
auxiliaries. UQM headquarters, engineering, product development center
and manufacturing operation are located in Longmont, Colorado.

This Release contains statements that constitute “forward-looking
statements” within the meaning of Section 27A of the Securities Act and
Section 21E of the Securities Exchange Act. These statements appear in a
number of places in this Release and include statements regarding our
plans, beliefs or current expectations, including those plans, beliefs
and expectations of our officers and directors with respect to, among
other things, orders to be received under our supply agreement with CODA
Automotive, our ability to successfully expand our manufacturing
facilities, and the continued growth of the electric-powered vehicle
industry. Important Risk Factors that could cause actual results to
differ from those contained in the forward-looking statements are
contained in our Form 10-Q filed February 1, 2011, which is available
through our website at www.uqm.com
or at www.sec.gov
.